Delhi court summons Sonia, Rahul for misappropriation funds

Seems Subramaniam Swamy's efforts are getting results in National Herald case in which ownership of National Herald was passed through some manipulations from Congress party to personal ownership of Gandhis !

New Delhi: A Delhi court Thursday issued summons to Congress chief Sonia Gandhi and her son and party vice-president Rahul Gandhi for misappropriating the funds of the National Herald newspaper that was shut down some years ago.
Metropolitian magistrate Gomati Manocha, while issuing the summons, said: "I have found prima facie evidence against all the accused. The court has directed them to appear before it 7 August."

Rahul Gandhi, the court has also summoned five others.

The court also issued summons to Sam Pitroda, former advisor to prime minister Manmohan Singh on public information, infrastructure and innovation, who also headed the National Innovation Council, a think tank to analyse and help implement strategies for inclusive innovation during the UPA regime.

Former journalist Suman Dubey, who is close to the Gandhi family, was also summoned by the court.
The summons was issued on a private complaint filed by BJP leader Subramanian Swamy.
Speaking to reporters, Swamy said: "This is a fraud, criminal breach of trust as they have managed to misappropriate the fund of Rs. 2,000 crore rupees."

"It is important for the court to take the passports of Sonia Gandhi and her son Rahul Gandhi so that they do not run away from the country before the hearing in the court," added Swamy.
The National Herald newspaper was establised in 1938 by India's first prime minister Jawaharlal Nehru. It was shut down in 2008.IANS

Oh come on don't talk about NDTV. They are official anti NDA/Modi channel.

Going by last couple of days of their telecasts one must see how they have not been talking about UPA - 2 PM approved railway fare hike early this year. How they have been exaggerating rise in import duty on sugar and putting factitious local Delhi market price of sugar gone up by only by 1 rupees with no proper evidence. One must hear their rants out against UGC being bitch of government but not clear assertions about DU VC following Sonia Gandhi's agenda of pleasing American lobby who made quick changes last year without even having proper infrastructure to cater all those changes.

A court in Delhi on Thursday issued summons to Congress chief Sonia Gandhi, her son and party vice president Rahul Gandhi for misappropriating the funds of the National Herald newspaper that was shut down some years ago.

Metropolitian magistrate Gomati Manocha, while issuing the summons, said: "I have found prima facie evidence against all the accused."

The case is about two companies, the Congress party and real estate.

Associated Journals Pvt. Ltd (AJPL) set up by Jawaharlal Nehru in 1937 was the company that published the now defunct National Herald, Navjivan and Quami Awaz newspapers and the International Weekly magazine.

Young Indian- A private formed in the year 2002 to create a platform for Young Indians. Congress President Sonia Gandhi, Vice-President Rahul Gandhi, Congress leaders Motilal Vohra and Oscar Fernandes are directors in this company.

Sonia Gandhi, and Rahul Gandhi together hold a 76% stake in Young Indian. The rest is held by Congress politicians Moti Lal Vora and Oscar Fernandes (12% each).

Congress party's loan to AJPL

In 2008, a fledging National Herald was closed down. Subramaniam Swamy alleges that in 2011 the Congress Party extended a loan of 90 crores to the Associated Journals Pvt Ltd.

This loan was apparently given to write off accumulated debts of Associated Journal Pvt Ltd and thereby restart the National Herald which was closed in 2008.

When questioned about this in the past, the Congress party has said that extending the loan was part of its political dharma and for propagation of its ideology. The loan was paid off from Rs 2008 crores donation which the party received between 2004-05 and 2010-11.

With the help of the loan, APJLâ€™s debts were written off.

Young Indian and AJPL

In the meantime, Young Indian proposed to take over the debt of over 90 crore in lieu of 99.1% shares being transferred to them. Thereby Sonia Gandhi and Rahul Gandhi became owners of the AJPL.

The Mint in an article in November 2102 says, â€œOn 21 December 2010, less than a month after its incorporation, AJLâ€™s board approved the assignment of Rs.90.21 crore in accumulated loans taken from the All India Congress Committee (AICC), to Young Indian. This debt was then retired for a consideration of Rs.50 lakh, which Young Indian paid to AICC. On AJLâ€™s books it was converted into equity.â€

The real estate that APJL owned

At the heart of the controversy is the Herald House building that AJPL owned, which now effectively belongs to the Young Indian now.

Subramaniam Swamyâ€™s contention is that the AJPL â€“ Young Indian deal was a sham, intended to grab the Herald house- a property worth 1,600 crores he says. In addition, National Herald has huge properties across the country like New Delhi, Mumbai, Lucknow, Allahabad, Bhopal, Indore, Panchukula.

Swamy approached the court accusing Sonia Gandhi and Rahul Gandhi of grabbing assets of a public limited company by floating a private company and using Congress partyâ€™s funds. As per Income Tax Act, political parties are debarred from funding business operations.

Super case study for all the Business schools. wonderful strategy without spending a single pie sonia gandhi is holding 2000cr assets!!!
I think this is just a tip of iceberg. that christian missionary( Khangress) is holding lakhs of crores worth of assets & monies belonging to Indians.

Gandhi family might also run away to italy, i request GOI to work with Italian government & have extradition treaty ready with italy.